Logo

FANG

Diamondback Energy, Inc.

FANG

Diamondback Energy, Inc. • NASDAQ
$152.59 ▲ 2.20% (+3.28)
Market Cap $44.36 B
52w High $180.91
52w Low $114.00
Dividend Yield 4.00%
P/E 10.72
Volume 583.69K
Outstanding Shares 290.75M

Income Statement

Period Revenue Operating Expense Net Income Net Profit Margin Earnings Per Share EBITDA
Q3-2025 $3.924B ▲ $123M ▼ $1.018B ▲ 25.943% ▲ $3.5 ▲ $2.744B ▲
Q2-2025 $3.651B ▼ $125M ▼ $699M ▼ 19.145% ▼ $2.38 ▼ $2.256B ▼
Q1-2025 $4.031B ▲ $141M ▲ $1.405B ▲ 34.855% ▲ $4.83 ▲ $3.022B ▲
Q4-2024 $3.696B ▲ $108M ▼ $1.074B ▲ 29.058% ▲ $3.67 ▲ $2.762B ▲
Q3-2024 $2.636B $339M $659M 25% $3.19 $1.672B

Balance Statement

Period Cash & Short-term Total Assets Total Liabilities Total Equity
Q3-2025 $159M ▼ $76.213B ▲ $30.579B ▲ $39.088B ▲
Q2-2025 $219M ▼ $71.941B ▲ $29.122B ▲ $38.881B ▲
Q1-2025 $1.816B ▲ $70.066B ▲ $28.323B ▲ $38.473B ▲
Q4-2024 $161M ▼ $67.292B ▲ $27.43B ▲ $37.736B ▲
Q3-2024 $370M $65.747B $26.928B $37.429B

Cash Flow Statement

Period Net Income Cash From Operations Cash From Investing Cash From Financing Net Change Free Cash Flow
Q3-2025 $1.018B ▲ $2.383B ▲ $-2.059B ▲ $7M ▼ $331M ▲ $1.609B ▲
Q2-2025 $739M ▼ $1.677B ▼ $-3.979B ▼ $482M ▼ $-1.82B ▼ $-2.312B ▼
Q1-2025 $1.491B ▲ $2.355B ▲ $-1.653B ▲ $1.175B ▲ $1.877B ▲ $663M ▲
Q4-2024 $1.29B ▲ $2.341B ▲ $-1.855B ▲ $-695M ▼ $-209M ▲ $482M ▲
Q3-2024 $708M $1.209B $-8.166B $419M $-6.538B $-7.27B

Revenue by Products

Product Q4-2023Q1-2024Q2-2024Q3-2024
Upstream Services Segment
Upstream Services Segment
 $2.22Bn ▲$2.22Bn ▲$2.47Bn ▲$2.64Bn ▲

Five-Year Company Overview

Income Statement

Income Statement Diamondback’s income statement shows a company that moved from a tough downturn year to several years of strong profitability. Revenue has climbed significantly since 2020, with a peak around 2022, a dip, and then a strong rebound in 2024. Profitability looks robust: operating income and net income have been solidly positive for four straight years, with healthy margins that suggest Diamondback is a low‑cost producer. Earnings per share were extremely high at the commodity price peak and have come down somewhat since, which fits with a more normalized pricing environment rather than a structural problem in the business.

Balance Sheet

Balance Sheet The balance sheet has expanded sharply, especially in the most recent year, reflecting major acquisitions and growth in assets. Equity has grown substantially, which strengthens the company’s capital base, but debt has also increased, meaning leverage is higher than a few years ago, though still not extreme for this industry. Cash on hand is relatively small compared with total assets, so the company depends on ongoing cash generation and access to financing, which is common for oil and gas producers but still worth noting as a risk if conditions worsen.

Cash Flow

Cash Flow Operating cash flow has been consistently strong over the past several years, showing that the core business throws off a lot of cash when commodity prices are reasonable. Free cash flow was firmly positive in the middle years of this period, supporting returns to shareholders and debt reduction. In the latest year, however, very heavy capital spending turned free cash flow negative. That signals a reinvestment and growth phase—likely tied to large projects and acquisitions—but it also temporarily reduces financial flexibility and makes results more sensitive to any downturn in oil and gas prices.

Competitive Edge

Competitive Edge Diamondback’s competitive position rests on being a focused, low‑cost operator in one of the best oil basins in the world: the Permian. Concentrating on this region lets it run a highly efficient drilling and completion program with meaningful economies of scale. The company has a reputation for disciplined capital allocation and successful acquisitions, using its operating model to improve the performance of acquired assets. At the same time, concentration in a single basin and heavy exposure to oil and gas prices mean its fortunes remain closely tied to one region and to commodity cycles, even if its cost position provides a cushion versus higher‑cost peers.

Innovation and R&D

Innovation and R&D Innovation at Diamondback is very operational and cost‑focused rather than traditional lab‑style R&D. The company has adopted advanced drilling and completion techniques—such as simultaneous fracking of multiple wells and longer horizontal wells—to lower costs and boost output. It is using automation and data analytics to optimize drilling and improve safety. On the environmental front, Diamondback has invested meaningfully in water recycling, large‑scale water infrastructure, and emissions monitoring, and it offsets remaining emissions to claim net‑zero Scope 1 from production. The exploration of small modular nuclear reactors and self‑generated power from natural gas is especially notable and, if executed well, could further lower operating risk and emissions, though it is still early‑stage and carries execution and regulatory uncertainty.

Summary

Overall, Diamondback looks like a scaled, efficient Permian Basin producer that turned a difficult 2020 into several years of strong profits and cash generation. Its earnings power and margins suggest a durable low‑cost advantage, and recent expansion has significantly increased the size of the business. The trade‑off is higher capital spending and more leverage, which magnify both the upside and downside of future commodity cycles. Operational innovation, a strong water management platform, and early moves into cleaner power sources could extend its cost and sustainability edge if they deliver as planned. Key watchpoints are integration of recent acquisitions, discipline in capital spending after this investment surge, and the company’s ability to manage through inevitable oil and gas price volatility.

NEWS

October 30, 2025 · 9:14 AM UTC

Red Cat's FANG™ FPV Drone for Defense and Security Operations Receives Blue UAS Cleared List Certification

Read more

October 8, 2025 · 8:00 AM UTC

Red Cat Introduces FANG™ — A Low-Cost, NDAA-Compliant Line of FPV Drones for Defense and Security Operations

Read more

October 1, 2025 · 4:01 PM UTC

Deep Blue Closes Acquisition of Environmental Disposal Systems from Diamondback

Read more

September 30, 2025 · 4:01 PM UTC

Diamondback Energy, Inc. Schedules Third Quarter 2025 Conference Call for November 4, 2025

Read more

September 16, 2025 · 5:50 AM UTC

HighPeak Energy, Inc. Announces CEO Transition

Read more